Bitcoin Drops Below $77,000 as Selling Pressure Intensifies in Crypto Market

Cryptocurrency markets started the week with a sharp decline. Rising geopolitical tensions following new US military operations against targets in Iran drove investors away from risky assets and toward safe havens. As a result, Bitcoin rapidly lost value after approaching the $78,000 level and fell below $77,000. With this sharp market downturn, total risk appetite in the cryptocurrency market evaporated by billions of dollars. Other factors deepening the selling pressure include a slowdown in inflows into Bitcoin ETFs, rising oil prices, and uncertainties regarding the US Federal Reserve's (Fed) monetary policy. Investors are now closely monitoring both geopolitical developments in the Middle East and upcoming critical US inflation data. Market participants are assessing the potential impact of this data on the Fed's interest rate decisions. This is not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 60%

BTC has fallen below the $77K level, with a 24-hour decline of 0.75% continuing. The RSI stands at 42.7, not in oversold territory, but the MACD is negative and below the signal line, indicating a short-term bearish signal. The price is trading below both the 20-day and 50-day moving averages, suggesting a downtrend. News could increase selling pressure and negatively impact market sentiment. In the near term (1-3 days), the price is likely to seek support around $76K.

RSI 14

42.8

MACD

-115.13

24h Δ

-0.75%

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